The Bombay Stock Exchange (BSE) has approached the Mumbai Metropolitan Region Development Authority (MMRDA) seeking allotment of land in Bandra Kurla Complex (BKC) as part of plans to expand its operational presence in Mumbai, PTI reported.BSE Managing Director and CEO Sundararaman Ramamurthy and Regulatory Director Kamala Kantharaj recently met Metropolitan Commissioner Sanjay Mukherjee to discuss identifying a suitable plot of land in the financial district for the proposed expansion, MMRDA said in a statement on Saturday.“MMRDA is focused on enhancing commercial infrastructure in Mumbai by facilitating such strategic investments,” the authority said in the statement, adding that it looks forward to working closely with BSE to identify a suitable plot of land and finalize it.
According to the authority, the proposed expansion is expected to strengthen Mumbai’s position as the financial capital of India while supporting commercial and institutional growth in the BKC business district.This development comes soon after the National Stock Exchange (NSE) expanded its presence in BKC, cementing the region’s position as one of the country’s most prominent financial and business centres.MMRDA noted that BKC has witnessed increasing interest from major financial institutions, multinational corporations and global investment firms in recent years as it seeks to establish operations in the region.